In my company they are not allowing me to include my parents(dependent) lic policy for tax exemption.Is there any solution to include in my tax submission.
subramanian palaiappan (Analyst) (26 Points)
12 September 2009In my company they are not allowing me to include my parents(dependent) lic policy for tax exemption.Is there any solution to include in my tax submission.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 12 September 2009
YOU CAN INCLUDE IT IN YOUR RETURN AND CLAIM IT
Krutesh Patel
(ACA)
(727 Points)
Replied 12 September 2009
In 80C no Deduction is available for LIC paid by child for his parents. So your company is right. See Sec 80C
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